Reported claims from officials is that she was working as an asset for China’s Ministry of State Security and providing them information... not simply doing business for her own company.

There is a lot of different ways that one can be an "asset" it could be as simple as giving information about who in east Asia is buying their legitimately purchased chips so that Chinese firms can try to buy or rent them. That would be very different from if as some have suggested she is a handler for Jensen.

Claims from the US government, whose credibility is hardly beyond reproach, especially when it comes to China.